While the UK new car market declined by 2.9% in February 2020 to 79,594 new vehicles, the battery electric and plug-in hybrid electric cars grew to 5.8%, market share with 4,566 new EVs joining UK roads.
The industry is urging the UK government to help more drivers go electric with tax incentives. The goal is to boost sales of EVs to a 1 million units over the next five years.
It’s wonderful to see the market for EVs to continue to grow in the U.K.
The UK new car market declined -2.9% in February, according to data published today by the Society of Motor Manufacturers and Traders (SMMT). 79,594 models were registered in the month, traditionally one of the year’s quietest ahead of the crucial March number plate change, with the decline driven primarily by weak consumer confidence and uncertainty over what fuel technology to buy. Registrations by private buyers were responsible for the bulk of the overall loss, down some -7.4% as 2,741 fewer people took delivery of new cars. Fleet demand, however, remained stable, up by 31 registrations.
Demand for both diesel and petrol cars fell in the month, with registrations down -27.1% and -7.3% respectively, and diesel now accounting for just over a fifth of sales (21.9%). Hybrids (HEVs) recorded an uplift of 71.9% to 4,154 units, while registrations of zero emission capable cars also continued to enjoy growth, with battery electric vehicles (BEVs) rising more than three-fold to 2,508 units and plug-in hybrids (PHEVs) up 49.9% to 2,058. However, these vehicles still make up just 5.8% of the market; and BEVs only 3.2%, showing the scale of the challenge ahead.
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